Value of Exports to Slovakia from Connecticut
CTSVKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,993,601.00
Year-over-Year Change
834.27%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Slovakia from Connecticut' series measures the dollar value of goods and services exported from the U.S. state of Connecticut to the country of Slovakia. This data point is important for understanding Connecticut's trade relationships and economic ties with foreign markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the monetary value of all products and services that are sold by businesses and individuals in Connecticut to customers and clients located in Slovakia. It provides insight into the commercial exchange between the two regions and can be used to analyze trade patterns and the flow of goods.
Methodology
The data is collected through customs declarations and surveys of exporting firms.
Historical Context
Policymakers and market analysts use this metric to assess Connecticut's export performance and economic integration with the Slovak market.
Key Facts
- Connecticut exported $78.2 million worth of goods and services to Slovakia in 2021.
- Slovakia accounted for 0.4% of Connecticut's total exports in 2021.
- Machinery, chemicals, and transportation equipment are Connecticut's top exports to Slovakia.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total dollar value of goods and services exported from the U.S. state of Connecticut to the country of Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Connecticut's trade relationships and economic ties with foreign markets, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Connecticut's export performance and economic integration with the Slovak market.
Q: Are there update delays or limitations?
A: There may be a delay of several months before the latest data is published.
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Citation
U.S. Federal Reserve, Value of Exports to Slovakia from Connecticut (CTSVKA052SCEN), retrieved from FRED.